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. chairman, the president campaigned on 250,000 went up to 400 single, 450 double. but boehner was at a million. boehner went down 550,000. so it's according to whether you want to count from the top down or the bottom up. both sides gave and i think the other side gave a little more. but governor, when it comes down to the debt ceiling that the chairman just referred to, president gave a warning to republicans. watch this. >> i will not have another debate with this congress over whether or not they should pay the bills they've already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incured. >> sounds like he's pretty strong and stern on that. what dooungs, governor? >> he is and he ought to be. the last time, it was an international disgrace, not just a national disgrace, but an international disgrace. we shouldn't play politics with that. we owe this money. we've got to pay it. we've got o to have the funds to pay it. i think the sequester comes up in two months, probably a week or two before the debt ceiling. we're going
. is something he said to speaker john boehner leaving room for compromise? if politicians don't take us over the cliff, will the unions in what is threatening to strike you right in the wallet. share everything. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. now get a lucid by lg, free. read the headlines and they say the president is giving up his vacation to negotiate a fiscal cliff deal but is something he said before leaving for hawaii leaving room for negotiations? what are we talking about? set it up. >> the president is heading back to washington to attempt a last ditch effort with speaker boehner to forge compromise to avert the fiscal cliff which will kick in in about six days if nothing's done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal, it will be unpalatable f
return from tight to work on the deadlock in d.c. tomorrow. is something he said to speaker john boehner leaving room for compromise? if politicians don't take us over the cliff, will the unions over the cliff, will the unions in what is threatening to strike lead paint poisoning aects one million children today. if you're pregnant or have young children and your home was built before 1978, you could be at risk. learn how to protect your family. to find your home's danger zones, the health effects, or just to find help, log on to leadfreekids.org. read the headlines and they say the president is giving up his vacation to negotiate a fiscal cliff deal but is something he said before leaving for hawaii leaving room for negotiations? what are we talking about? set it up. >> the president is heading back to washington to attempt a last ditch effort with speaker boehner to forge compromise to avert the fiscal cliff which will kick in in about six days if nothing'ss done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done
, the senate is working against the clock, and speaker boehner, yeah, he's m.i.a. >> no new negotiations are scheduled. >> congress has five days to strike a deal before the end of the year deadline. >> they're calling it the fiscal cliff. [ speaking foreign language ] >> john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> let's take the american people out of the line of fire in terms of taxes. >> it's being operated with a dictatorship of the speaker. >> i have never known john boehner not to have a plan. >> it seems pretty dark right now. >> it looks like there's no way there's going to be any deal done. >> so i say to the speaker, take the escape hatch we've left you. >> we're not going to get anything done that doesn't involve some measure of compromise. >> it's not 100% sure that's going to work any longer, and now that we know how fanatical the fanatics are. >> it's like blah, blah, blah. >>> a very busy day here in washington and we want to take you right to the senate floor where senator mitch mcconnell is act
with most members of congress still in their home district, speaker boehner put that ball in the senate's court. harry reid tossed it right back. are we looking at another lost day in the negotiations? hitching a right on air force one, the new senator from hawaii and it's not what we expected it to be. here we go again. the president in washington and another deadline. secretary geithner warns we will hit the debt ceiling even before we tumble over the fiscal cliff. good morning from washington. it is thursday, december 27th. this is "the daily rundown." i'm luke russert. two days after christmas and washington is back to work trying to harsh out a deal to avoid the fiscal cliff. the senate will get back from the session after holiday break. the president is expected to arrive back to the white house without his family to get back to twork mework to meet the loo deadline. mike is at the white house. let's start with you. the consensus around the hill is that we are more likely than not to go over the fiscal cliff, but there is a small chance harry reid could take a house pass bill and
a wonderful holiday because the president's is about to end. boehner and the boys? what's the rush? ♪ >> first of all, we want to say merry christmas. >> president obama is cutting short his christmas break with the fiscal cliff looming large. >> the fiscal cliff gets closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. >> they were this close. they were this close to a solution. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i believe we are. >> be republican and be conservative and pass a bill that cuts tax. >> boehner has no control over his extreme right wing faction. >> should anybody's taxes be raised at this point? answer yes or no. >> no. no. ♪ >> we begin as president obama and the senate head back to washington set for one last effort to avert the first fiscal cliff. aloha means good-bye for the president as he packs bound for the white house tonight. the president cutting short his vacation leaving michelle and the girls
was because of the deal -- >> john boehner. because of john boehner. >> partly, mitch mcconnell force ed john boehner's hand. >> we expect senators to do that. that's what republican -- republican senators have always spent us deeper into debt. that's what they do. that's their hobby. >> look, in this round, the president got a ton. and liberals who are complaining are most worried not about the terms of this deal but about whether the president's got a weak hand going into the next round. the president, as you pointed out, has said as recently as sunday with david gregory, we need to do medicare reform. we need to do entitlement reform. when we deal with the sequester cuts in two months, when we deal with raising the debt ceiling, even though the president wants to keep that out of the debate, republicans are going to have another chance with leaders like john boehner and paul ryan making the argument. and i think the president once again is going to have that k n confrontation. >> how many trillions do you think they'll add to the debt, mika? paul ryan -- i had the tenth amendment on a lit
obama will be deadlock. but i it's something he said to john boehner leaving any room for compromise? if politicians don't take us over the cliff, will the unions? what the they're planning this k in from boston to houston threatening to strike you in the wallet. eric: read the headlines and they say that president is giving up his vacation takes toe a fiscal cliff deal, but is there any room for negotiation? let's talk about it a little bit. >> the president is heading back to washington to attempt a last-ditch effort with speaker boehner to forge some compromise to avert a fiscal cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax revenue on the t
it won't happen. boehner is at his weakest point ever. to push something through. doing that would weaken him even further. he still needs to be elected speaker on january 3rd. if you're boehner, you let this thing slide past january 3rd, getting yourself elected, and then do what you have to do. >> will he be stronger in. >> he won't be stronger. there will be about eight more democrats. >> really it's his caucus. >> but he'll be speaker again. if it does it, then you have a couple days to consider -- if he gets reelected and is speaker again, then it's much more trouble to unseed somebody who is already sitting there as the speaker than it is to stop him from running in the first place. >> if i could add to what ryan is saying, the only thing is he'll be proposing to his caucus a tax cut. everybody changes on january 3rd. you're no longer talking about some people getting a tax increase. harry reid and john boehner for instance said -- the speaker saying the senate should take it up. harry reid is speaking on the floor. let's take a listen. >> because americans' taxes are approaching th
operated with a dictator ship of the speaker. john boehner seems to care more about keeping his speakership than keeping the nation on footing. >> john boehner's office fired back -- senator reid should talk less and legislate more. the house has already passed legislation to avoid the entire fiscal cliff. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hur
.8% or whatever it was of americans that was john boehner's plan "b." a couple of things are either being misreported or inaccurately reported because what gets in the way of the president's plan is the constitution of the united states. and the good thing about this meeting is that the focus is now firmly on the united states senate where it should have been all these months. the house acted a long time ago to extend all the tax cuts and take care of sequestration. the senate has given speeches. >> you're referring to the fact that revenue issues are supposed to generate in the house. right now, both speaker boehner and the president say it's between reid and mcconnell which does raise the question, whatever procedural and constitutional issues, which are profound. are you concerned as a republican, someone who is close to speaker boehner, if we go over the fiscal cliff, that republicans will get the blame? >> well, of course they will. because republicans get blamed if it rains if washington. that shouldn't be the test here, it shouldn't be the consideration. but senator reid has had it
the details tonight. >> reporter: house speaker john boehner back in washington immediately heading to the white house for a late afternoon fiscal cliff meeting which brought the president and congressional leaders together for the first time since november, but it's unclear if it brought country any closer to avoiding the fiscal cliff. >> i'm modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy aren't adversely impacted because people can't do their jobs. >> reporter: the president called the meeting as lawmakers pointed fingers in this high stakes game of chicken. >> it's republicans who are holding hostage the middle class in america so that the wealthy don't have to pay their fair share. >> we need two words, presidential leadership on not just taxing rich people, we could tax all the rich people and cut their heads off and it wouldn't help the medicare fiscal cliff. >> reporter: with time running out hopes for a grand bargain
cuts to expire for everyone except those making under $250,000 a year. john boehner plan "b" making $1 million. this looked like president obama coming back with the same deal at 250. they are miles apart. >> kimberly: you were able to speak to people on the hill. what was your reaction? >> andrea: the president spread the stories that he will come to the table with a deal. swan dive off the fiscal cliff, hold your nose. we're going off. president obama wants to us go off hecht will come back with a largeer plan. the obama tax cut. then he will be able to reintate across-the-board sequestration cuts. 8.2% across the board. cut defense and health. they will be able to reintate a lot of programs and give his caucus the opportunity to say look, i am voting for something. i am voting to restore tax cuts for the middle class. voting to restore great thin things. republicans are in a tough position. no one will say vote to restore the tax cut for rich. this is his game plan from day one. >> eric: what is the a terptive? $250,000 and above? we see obama not oftenning cuts at all. looking for
. the leadership has gone mum on that. we know there's not been communication between boehner and mcconnell, obama and boehner. are you amazed with this short amount of time to go there seems to be no sense of urgency on either side? >> am i amazed, given what we went through with the debt ceiling, no, i'm not amazed. i think there are forces here in this town that would like for us, sure people would like for there to be a deal, but going over the cliff on january 1st when there's this notion where it's not really a cliff, it's a slope, it's a curb depending who you talk to, that you can repair the damage if you get a deal done, you know, a few days after january 3rd. i think people feel like they can slow walk. as we saw last week when plan b failed, you know, speaker boehner said it's up to the white house and the democrats to come up with a deal. >> washing my hands with it. what's interesting is what you just touched on, conventional wisdom has grown now to it's a cliff, it's a cliff, we can't go off it, to we're okay for two to three weeks afterwards, the treasury can stay in place. do you t
24 hours before the tax increases that it's up to john boehner to fix things surprises me and disappoints me a great deal. >> eric: obviously, you are faulting, in your view, a lack of presidential leadership? not only faulting, i think a lot of folks are not focused, i have believed that the president wants to go over the cliff. peter orszag, telling the president 3 and 4 years that the tax rates needed to go up. howard dean was making the rounds for months, saying that tax rates need to go up. nancy pelosi thinks the tax rates should go up on everybody. does the president have the political will to go against his own party? what we are seeing so far, he is not. we read his first offer, when he sat down with mr. boehner, mr. boehner said here's $800 billion for revenue and what do i get for that? the president allegedly said, that's for free. that's not evidence 6 somebody who wants a deal who, wants to lead. >> eric: what would you like to see? >> i would like to see a clean deal. i would like to see something that fixes the problem. keep in mind, one of the things that
and boehner? the barrels they're riding in or >>> heading over niagra falls in a barrel. let's play "hardball." >>> good evening. i'm chris matthews in washington. let's start with this. president obama and his republican opponents are about to go over niagra falls in a barrel, but nobody knows for shush how bad it's going to be. will the economy smash on the rocks below? will the stock market plunge a thousand points and keep on dropping? will the world money watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved by the public's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or the power of niagra falls itself? joining me now is politico's jonathan ryan. how about an answer on that one? what's going to protect these guys more? the low expectations people have about them getting anything done or failing to do what they set out to do. they all set the deadline. they have the -- what do you call it. the stakes are clear, the payroll taxes, income taxes, you n
-passed bill may die. republican congressman peter king says it is all speaker boehner's fault. >> speaker boehner is the one. he walked off the floor. he refused to toll us why. refused to give us any indication or warning whatsoever. i'm saying anyone from new york and new jersey who contributes one penny to the republican congressional campaign committee should have their head examined. i would not give one penny to these people based on what they did to us last night. i would say -- i'm talking about the people in my neighborhood that i see, people are out of homes, people are living in devastated homes, people without jobs, people lost their businesses, their clothing, their life-long possessions. absolutely disgraceful. people in my party, they wonder why they're becoming a minority people. they're writing off new york. their writing off new jersey. they have written me off and they'll have a hard time getting my vote. i can tell you that. >> let's go to governor christie speaking right now. >> -- were damaged or destroyed. nearly 7 million new jerseyians were without power, some for
boehner presented this plan b, which would have given -- extended tax cuts to those making less than $1 million and that was soundly rejected by his caucus. he never even presented it to the floor. so basically what he's done is thrown up his hands and said the house is out of this. we're just sitting on the sidelines sadly. so we have to wait and see what the senate is going to do. i was very glad to hear mr. mcconnell and senator reid say that they were going forward trying to work out something. but t.j., we have to address this moment very seriously. because there are so many people who are going to be possibly harmed if we don't act. and so we're just going to have to see what they're able to come up with. >> and i've got some more policy things. but on the politics and the optics of it, explain to people who are watching now who are a couple of days away from their taxes going up. it's hard for them to get their heads around you not being in d.c., that congress or the house at least not being in session. it's as if -- again it's the optics of this thing. it almost sounds like you'
. it's up to speaker boehner and senator mcconnell if they can accept it. if they don't, we are going off the fiscal cliff. it's where we stand now. >> you should vote your conscience, no matter what happens. you are an outgoing member of congress. you don't have to worry about re-electi re-election. many members of congress are doing what they believe their home districts want them to do. this is about self-preservation and getting reelected. are you in any different position? do you think they can look at this differently? >> i think you are in a lame duck session. it's a different dynamic. you have members that have lost and retired. yes, it's different in a lame duck than it would be before an election. this would be catastrophic for the country if we allowed it to happen. we have to have a deal in 36 hours. the people are committed regardless to doing the right thing for the country. it's what's most important. >> this is the way you wanted to go out with this mess? >> well, we could have handled it better. we are in this position because we mishandled it in the first place. we a
boehner's plan "b" failed. >> the key issue i think and the american people are catching on is that the problem that we have is we have a right wing political figure in the house way, way, way out of touch of what the american people are thinking. >>> there's early economic sinls that the uncertainty over the cliff may have clayed the role of scrooge this holiday season. early holiday numbers point to the worst year to year growth since 2008. >>> i think the president is steward of this economy needs to try to reach the big compromise with speaker boehner and the two men came very close. >> all right. let's check in and say good morning to nbc news correspondent mike vi cara now. >> they have indicated they would be back on the 27th and doing the math and take in to account the time zone differences, the president will be arriving back in washington. wheels down on the white house sometime in the late morning tomorrow. one problem, there won't be a house of representatives session. it appears to greet him when he gets back. and john boehner, the speaker out house, the ind
wants tax cuts to expire for everyone except those making $250,000 a year. john boehner's plan "b" was anyone making under $1 million a year. neither seemed to work. it looked like president obottomma was coming back with the same deal, $250. they are miles apart. they are miles apart. >> there is a big divide. andrea, you were able to speak with a number of people on the hill. what reaction are you getting? >> well, the president has spread these stories and people in his administration that he is going to come to the table with a deal. we have been hearing that all week long. that did not happen. swan dive, we're going off the cliff. president obama wants us to go off. he is going to come back with a larger plan, the obama tax cuts. then he will be able to reinstate those across-the-board sequestration cuts to gut things like defense, national institutes of health. he will be able to reinstate a lot of programs and give his caucus the opportunity to say, look, i am voting for something and to restore tax cuts for the middle class. i am voting to restore the great things. and the
, republicans caved in, and scheduled a vote, john boehner did on that senate bill that passed 89-8 the senate passed it on new year's day. the house caved in -- actually -- yeah, it was early, early in the morning on new year's day late last night at about 11:00 the house caved in passed a vote, and passed the senate version, and president obama says he will sign it. we'll get into all of that and of course take your calls at 866-55-press. good to be with you here today. we're coming to you live on current tv, on your local progressive talk radio station and live on sirris tv for this hour only. peter ogburn, and dan henning here. >> we have been working hard. me and phone man phil have been holding down the fort. >> and our videographer siprion bolling who had a couple of days off as well. and we're all back. happy team. happy new year's eve. we celebrated with the millions of people in time square. the whole countdown. [ cheers ] >> that's not as boisterous as i'm used to hearing. >> stephanie: no. no. [ auld lang syne playing ] >> bill: maybe it is harder for
suggested and that he is so far out on a limb it's going to be hard for house speaker john boehner to shove aside his fellow republican leader and not support him, not support getting this legislation through the house. otherwise, all those senate republicans, a vast majority of them that supported this will be hung out to dry. vice president biden, in fact today after he was on the hill, was just having a casual lunch at a sandwich lunch called pot bellies with staffers. he took a casual stroll back over to the white house and talking to reporters as if everything is still on track. in fact, when he was asked about this, he said he still thinks it's going to go through the house. take a listen. >> i hope so. i think so. >> what if the house sends the bill back to the senate? does it have a chance of passing? >> i think we're going to be okay. >> now we're told the vice president by the way ordered a meatball and prove lone. that's probably a good sign because they have another sandwich at that shop called a wreck. that's probably not a good symbol for how they want this to play out. >> i l
into boehner. they have been saying all along that it is up for the senate to act and the president to act and the house has done its will, washed their hands of it. what's john boehner thinking going into this meeting? what do they hope to get if anything from it? >> what i'm hearing more broadly, luke is that there are so many conversations going on right now. and there seems to be more interest in one of the ideas that boehner has talked about which is use what the house has already passed which would extend all of the tax rates where they are right now and then amend it. and part of what is happening here is what can be done in terms of the wheels of legislation, what can be done in terms of political will. lots of conversations are happening. what we are learning is that no new paper has traded hands, if you will, so no actual proposals have been exchanged. will are very substantive discussions going on between people who are at a senior level in these negotiations. looking at ways they can probably bridge thing divide. some of the things we have been talking about is put the income t
. so any vote in the house will be a vote for tax cuts, not for tax hikes. that helps. john boehner needs to take this deal struck in the senate that presumably has some buy in from him if not from his rank and file, because mitch mcconnell did not negotiate this is a vacuum and this is a pretty overwe will being vote. he will take this to his conference today and see where they are at. the expectation is there are two directions this could go. either a vote on the bill or house republicans propose changes so they can amend the bill more to their liking and send it back to the senate. but i think this is expected to move along here. >> there could be amendments, one past, they could vote on amendments, could fail, and then vote on the full measure. isn't that true also? >> yeah, that is true, and the other thing is once anything goes to the floor, it's not just up to republicans, it will -- and the think the expectation all along, whatever ultimately passes the house as we saw in the senate will require democrats and republicans. >> talking to phil gingery, seemed to be leaning no o
of representatives said, and i have it here somewhere, i don't want to be critical of john, meaning john boehner, but if you don't ever bring something to the floor without the votes. so this is what happened last thursday night where he brought this bill to the floor, his plan b, and it went nowhere. was that a major miscalculation for him? >> it was. look, denny was the speakner nea different time. he could hand out projects to districts of wavering members. and he had a very tough leadership team that went out and got the votes. boehner is not a strong leader. he doesn't have the pork and the earmarks anymore since they've been banned. and a lot of the incoming -- or the folks that came in in 2010, the tea party folks, they look at the tom delay are era and say -- >> they're both long time qulil wat capitol hill watchers, and we have to ask you are you seeing any sway now in following boehner? is he losing support? >> obviously the fact that he thought that he would be able to bring the bill last week to the floor to raise taxes on everybody making a million dollars or more and then had to pu
blamed house speaker john boehner. just before christmas, boehner floated his so-called "plan b"-- letting taxes rise on millionaires. but faced with opposition in republican ranks, he pulled it, and sent the house home for the holiday. reid charged today politics explained why the speaker had not yet called the house back. >> john boehner seems to care more about keeping his speakership than keeping the nation on a firm financial footing. it's obvious what's going on. he's waiting until january 3 to get reelected to speaker before he gets serious about negotiations. >> warner: a boenhner spokesman shot back, "harry reid should talk less and legislate more." but late today, republican leaders put out word that the house will reconvene on sunday. yesterday, they challenged the senate to take the next step, by extending the bush-era tax cuts for all income groups. in a joint statement, they said, "the house will take... action on whatever the senate can pass, but the senate first must act. " president obama returned early from hawaii today, still pushing to extend tax cuts for the
had a day off the fiscal cliff. so there's that. representative john boehner told senator reid to go f himself. twice. >> really? >> according to the folks at politico. so i'm shush we'll be talking about that if stephanie gets here. hoping and praying she gets here. happy new year to everyone out there. yeah, jacki schechner -- >> happy new year. >> happy new year to you too. >> some things don't change. you like to step all over my news before i start. >> oh, geez, did i do that? oh god! okay. there's stephanie. >> stephanie: happy new year. >> let's go to jacki schechner in the current news year. >> whatever, steph. thanks for joining us! good morning everyone. happy new year to you. not only did congress wait until the very last minute to come to a deal to stave off the fiscal cliff but by all accounts, nobody is generally thrilled with what they came to or how it happened. in fact, as chris just mentioned, several sources reporting this morning that house speaker john boehner told senate majority
obama cutting his vacation short to avoid the fiscal cliff but house speaker john boehner says the people who need to take action are not in the oval office. >>> as the investigation continues into the deaths of four americans in libya we're learning people who were initially blamed are back on the payroll with little or no punishment. >>> unbelievable video. some aquariumgoers getting way too close to a real live shark. as close as you can get without becoming dinner. it is all "happening now." harris: hello, everyone, i'm harris faulkner, in today for jenna lee. jon: nice to have you up here in the big studio instead of down in the newsroom. harris: good to be here. jon: i'm jon scott. there is deadly weather pounding the united states. a powerful winter storm bringing snow and driving rain to the northeast. blizzard conditions in some areas. it is the same system that brought winter storms and tornados to the south and midwest. at least 12 people have died in this system. we're seeing major travel problems today as well. some areas are getting slammed all night long. anna ko
's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or the power of niagra falls itself? joining me now is politico's jonathan ryan. how about an answer on that one? what's going to protect these guys more? the low expectations people have about them getting anything done or failing to do what they set out to do. they all set the deadline. they have the -- what do you call it. the stakes are clear, the payroll taxes, income taxes, you name it. they put it all together. and if they blow it, who's going to get hurt the most? >> well, i think the republicans right now are hammering themselves in the foot over and over and over again. at some point they may figure out how to stop doing that. but in the short-term doesn't look like that's happening. i think the low expectations right now are only helpful to them if they can get a deal done. it's not clear that can happen. they may even fall short of these low expectations they've had for two years now essentially both sides the white house and the congress advocating their
boehner. they will blame the president. he has political capital that could evaporate. i'm not sure if he gets what he wants -- that is not how american politics necessarily works. host: what led to this meeting? harry reid was sounding pessimistic early in the day. then john boehner calling the house back sunday evening with a vote scheduled after 6:00 p.m., setting up a late sunday session or a lot of fireworks on monday. guest: the redskins-cowboys game is on sunday night. each side staked out a public position it had to stake out. use it at the end there's a sentence saying, but we will talk or negotiate. nothing unusual here to me. i think right now they are doing what they have to do publicly. we do not know what those people in the room at the white house are going to say and that is the key. host: the speaker will attend this meeting. he said the house has passed legislation to avert the fiscal cliff. now the senate must act. senator reid said it is up to the house. explain what is going on. guest: i cannot read john boehner's mind. let's say the senate takes up something where yo
, speaker john boehner voted yes. and here's what the deal means for you. no tax hikes for couples earning less than $450,000 a year. itemized deductions capped for couples making over $300,000 a year. unemployment benefits extended for a year for 2 million americans. and that irritating alternative minimum tax permanently adjusted for inflation. >> this fight is far from over. the deal doesn't address spending. drastic cuts have been deferred now for two month and you can be sure the battle will get messy. and then there's the $16.4 trillion debt ceiling. we just hit it according to the treasury secretary and the president already drawing the line in the sand for that fight. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. if congress refuses to give the united states government the ability to pay these bills on time, the consequences would be catastrophic. >> brianna kealar is live from washington working triple duty for us. so tell us more about what is not included in this deal and what battles are now lo
-calling. harry reid called boehner a dictator. i find it strange because they don't call actual dick tears dictators. they never call chavez or castro a dictator but they will call boehner a dictator. are they going to start acting like adults soon. >> the house has done their job. it's ironic to me that harry reid goes after john boehner. the house of representatives did this months ago which is when it should have been done. extended the rates. replaced the across the board cuts with responsible reductions in spending. and, yet, here the senate is pointing the finger at the house of representatives. the speaker is right to say it's up to the senate. and this is where it's going to have to happen. >> all right, senator. thanks at lot. next on the run down do both parties actually want to go over the fiscal cliff to save political face? we'll debate it the state department officials out of their jobs after the benghazi terrorist attack are reportedly still on the payroll. we have details moments away. >> greg: continuing with top story tonight. with days to go. both parties want it to go o
: well, you know what, peter? there's not lost love between boehner and president obama. are they going to meet? >> reporter: they might, gregg. the speaker is expected to return to washington soon but we still don't know of a specific time set aside on his calendar to meet with the president. actually the last we heard from the speaker he said that since voters in november picked republicans to control the house, he is going to stay true to his party's principles in december in the course of making any kind of a compromise. >> the american people reelected president obama on election day. they also reelected a republican majority here in the house. in doing so they gave us all a mandate. it was not a mandate to raise taxes on families and small businesses. it was a mandate to work together to begin solving the massive debt that threatens our country's future. >> reporter: the house and the senate will both be back in session tomorrow and the president has said he expects them to quickly vote to pass legislation to avoid the fiscal cliff, if, he and the speaker are able to make a deal b
that no republicans block the bill. house speaker john boehner agreed to bring the bill to a vote on the house floor. and leader nancy pelosi with the number of votes needed to pass. >> what folks are looking for and all of us agree on this is action. they want to see that we are focused on them, not focused on our politics here in washington. >> reporter: that was the last time this group met more than a month ago. with time running out to forge a scaled-down compromise, can they agree on even the most basic elements, extending some income tax cuts, preventing pay cuts to medicare providers, fixing the alternative minimum tax. among the options to gain votes, averting an estate tax hike toll woo republicans. there's still time but no room for error. if congress doesn't act -- >> the impact psychologically and financially on americans of another plunge in the negative territory for the economy would be extremely harmful. >> reporter: and candy, as i said, those leaders are still meeting with the president. we'll see if any of them come out and speak to us after that meeting breaks up as soon as we h
the failure of speaker john boehner's plan b last week, house members are saying the ball is now in the senate's court. >>> former president george h.w. bush is in the intensive care unit at a houston hospital this morning. according to a statement from the bush family the president has been in intensive care since sunday, after suffering a series of setbacks, including a persistent fever. they also say he's relentlessly positive and spends time talking and joking with his doctors. in the next hour we'll take to you houston for a live update on the president's condition. >>> it's called one of the largest lawsuits of its kind, toyota agrees to a $1.1 billion settlement. we'll tell you who benefits and if one of the people who benefits is you. [ male announcer ] it's that time of year again. time for citi price rewind. are only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi pri
who covers capitol hill from us not to expect to hear from the speaker of the house john boehner after we hear from the president at 1:30pm. speaker boehner tried to put plan b of his own on the table and ended up not having the republican support for it, so he pulled back. as business watches these negotiations take place, and we heard from senator thune in mike emanuel's report a minute ago what is the reaction of the business community at this function that is on display in our nation's capitol. >> despair, anger frustration. if you go forward into 2013 not addressing spending, in fact the president wants to raise spending on struc infrastructure you go forward into next year doing that with tax increases on upper income people and some small business owners you will slow the economy down. business does not want a slower economy, it wants a more rapid rate of growth. the reaction from business to the kind of deal that seems to be shaping up, and i say that very reserved lee, their reaction istep eud at best, ev is t *erbgs pid at bess even though you have a modest rally a couple of
republicans have not been able or willing to do. the vote john boehner schedule and had to cancel is evidence of that in the present cost mind -- in the president's mind. we have part of what speaker boehner said. "the comments today are ironic as a recurrent theme was his unwillingness to stand up to anything in his own party. from the republican side of the aisle and speaker boehner, where are things at the moment? guest: the speaker had been hoping there would be a larger deal. the president was ready to move forward on in the time they had in front of them. this was in vision at one point to be the grand bargain which would incorporate in atomic reform and all sorts of budget cuts. changes to the tax rates. unemployment benefit changes. going all the way through to the debt ceiling being raised as part of it as well. that was not something that was ever really where things were headed by the time the negotiations got started. for speaker boehner, he wants to see the spending cuts that would go along with them. he does not feel the president has put forward enough of a plan to where the sp
the floor. each side accused the other of stalling. >> speaker boehner is unwilling to negotiate. we've not heard a word from mcconnell. nothing is happening. >> the phone never rang. and so now here we are, five days from the new year. and we might finally start talking. >> reporter: senate majority leader harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's no. 1 goal is to get elected speaker on january 3. >> reporter: the two sides are at odds over tax cuts and spending. republicans say it's up to the democratically controlled senate and white house to reach an agreement. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: members of the house were told to come back to washington sunday evening. they would have a little more than 24 hours to vote on a measure to avoid the fiscal cliff. danielle nottingham, cbs news, washington. >>> teetering on the fiscal cliff is given
cliff with republican leaders john boehner and mitch mcconnell and democratic leaders harry reid and nancy pelosi. returning to capitol hill mitch mcconnell went to the senate floor saying he is optimistic there can be a deal. he believes it can come by sunday afternoon, and at that point he would go back to the president with whatever it is he and reid are agreeing to. he said's optimistic that the next 24 hours are critical. however, tennessee senator bob cochran says even if a deal does get done don't expect too much. >> we're goakd up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> the president did say deja vu all over again. if corker is right, we are going to say some of the same machinations we've seen before. if it doesn't happen, the president wants that up or down vote on his plan. >> remember night, monday night is new year's eve when it all could go bad. >> and happy new year to you. >> thank you, gary. >>> and economists are warning that going over that fiscal cliff could pull us all back into recessi
cuts would also be postponed. house speaker john boehner will be at the meeting today. the house will convene for a rare sunday evening session. house majority leader eric cantor says the house could be in session until january 2nd, the day before the new congress is sworn in. boehner, meanwhile, maintains that it's up to the senate to act first. >>> millions of americans may watch the ball drop new year's eve in times square, but a group of democrats is organizing its own ball drop on capitol hill. they'll launch their countdown today. their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal to avoid the fiscal cliff. >>> new this morning, iran's state television is reporting the country's navy started training drills in the strait of hormuz. that area sees 20% of the oil pass through it. the state tv report says that the programs include more ships, submarines and jet fighters. they've warned other ships to stay away from the site until after the new year. >>> melissa mollet joins us from the live desk with more. good mo
advisor doug shoen. we have basically mr. boehner saying, look, you senate, you have not come up with anything. >> i think, unfortunately, we will probably get around it. i think it is a worse outcome to avoid the cliff then to go over it. i think we should broaden the discussion and look at what is going on around the world. look at japan and europe. the japanese government is the glaring war on japanese citizens. it will create inflation. if the japanese citizens start to dump their bonds, they have been a bigger part then japan recently. that is a big problem for us. their euro has been quietly depreciating. if that goes out, that is a much bigger fiscal cliff. if the buyers of treasuries become sellers. liz: there are a lot of "if" in your discussion. the bond markets are still pretty -- nothing from the bottom vigilantes yet. you were a clinton advisor. you saw in the mid- 90s bond yields really spike higher. that is the issue. if we see the economy healing, bond yields could go up. investors say, wait a second, why invest for bond. >> that is the key issue. we have not seen
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